Morgan Stanley Keeps Their Buy Rating on Entergy Corp (ETR)


Morgan Stanley analyst Stephen Byrd maintained a Buy rating on Entergy Corp (ETR) today and set a price target of $114. The company’s shares closed last Monday at $110.21, close to its 52-week high of $110.56.

According to TipRanks.com, Byrd is a 1-star analyst with an average return of -1.5% and a 50.9% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Consolidated Edison, Inc., and Public Service Enterprise.

Currently, the analyst consensus on Entergy Corp is a Strong Buy with an average price target of $115, which is a 4.3% upside from current levels. In a report issued on August 19, Mizuho Securities also maintained a Buy rating on the stock with a $121 price target.

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Based on Entergy Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $241 million. In comparison, last year the company had a net profit of $249 million.

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Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility, Entergy Wholesale Commodities, and All Other. The Utility segment includes the generation, transmission, distribution, and sale of electric power; and operations of a natural gas distribution business.

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